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Sep 10, 2012
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. >> is it really underfunding the city? is that equivalent to not being able to pay for om of the promises when an economy has changed so much? >> in many cases it is because a lot of the cities depend on a property tax base that has eroded and is not coming back when the economy comes back. if you're going to take a sensible, thoughtful approach, thing like an eroding tax base, thing like a change in the service levels we demand from schools, have to be part of a reasonable compromise where everybody's putting their -- >> how are you --. >> what's the issue of the fact that things change? what about the fact that things change? for example, in the united states, i mean, here we are with a different demographic story, we're living longer, people talking about living to 100 now. in fact, social security hasn't changed at all. so, shouldn't we be changing based on the evolution of a country, of a city? i mean, that's one of the issues. if you're going to be living longer and needing more of the benefit from the country, don't
. >> is it really underfunding the city? is that equivalent to not being able to pay for om of the promises when an economy has changed so much? >> in many cases it is because a lot of the cities depend on a property tax base that has eroded and is not coming back when the economy comes back. if you're going to take a sensible, thoughtful approach, thing like an eroding tax base, thing like a change in the service levels we demand from schools, have to be part of a reasonable...
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Sep 11, 2012
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here's the thing. the city captain even afford to fund the pension system. one of the problems this city faces even before they give anything to the teachers, they have hundreds of millions of dollars of pension payments upcoming. >> and property taxes go up, let me guess, just like wisconsin. and eventually bankrupt the whole city. >> last year, chicago residents got hit with the illinois 66% income tax increase. they are under siege. i would not buy into chicago. >> dan, i want to go back to the political question about "rambo" emanuel. he obviously is pro union, his boss, they will win illinois by 20 or 30 points but they pledge to help every union around the country. how will this work out? is rambo going to fold like a cheap suit or what? >> i'm not sure obama will win this state by that margin, i think it will be closer than people think. in terms of mayor emanuel, the teacher's union has already won but the question is margin of victory. steve mentioned $12,000 per pupil. it's actually $24,000 per high school graduate, which, remember, is the point of
here's the thing. the city captain even afford to fund the pension system. one of the problems this city faces even before they give anything to the teachers, they have hundreds of millions of dollars of pension payments upcoming. >> and property taxes go up, let me guess, just like wisconsin. and eventually bankrupt the whole city. >> last year, chicago residents got hit with the illinois 66% income tax increase. they are under siege. i would not buy into chicago. >> dan, i...
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Sep 10, 2012
09/12
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it's going to ruin the kids and bankrupt the city of chicago. it's a tragic story. >>> also tonight, is gm being zapped by the vault? new numbers say government motors is losing $49,000 per car. it sells them for 40 grand. by the way, toyotas are sold for 20 grand. of course americans are not buying the vault and it's sparking taxpayer outrage. who is to blame for this. presidential candidate mitt romney and barack obama have done a lot of talking these past two weeks at conventions and battleground states and making the rounds on the television news circuits. it's on specifics the candidates seem to come up short time and time again. john harwood has the full story. good evening. >> good evening, larry. one of the enduring frustrations of reporters and some voters is the inability to get candidates to specify their positions on some important issues. the reason why they don't do it is pretty simple, to maximize the number of people who agree with them and enemies they make. case in point, mitt romney on "meet the press," perfectly willing to ta
it's going to ruin the kids and bankrupt the city of chicago. it's a tragic story. >>> also tonight, is gm being zapped by the vault? new numbers say government motors is losing $49,000 per car. it sells them for 40 grand. by the way, toyotas are sold for 20 grand. of course americans are not buying the vault and it's sparking taxpayer outrage. who is to blame for this. presidential candidate mitt romney and barack obama have done a lot of talking these past two weeks at conventions...
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Sep 2, 2012
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one thing we're seeing is the reinvention of big cities, but the other is high tech. >> i think it is really interesting, for a long time it was about silicon valley in terms of entrepreneurs, now you see it in brooklyn and across the country. >> and it is still the number one place for start-up companies, silicon valley. but number two is new york, the number two place, twitter put its headquarters in san francisco. so i think you see this new shift. what i like about this, is it offers up the city as a place not only to solve technical problems. not only to do new software, but create business models. maybe when you have an interesting guy like mayor bloomberg, or a very good problem-solver like rahm emanuel, you could actually see this combination of technology and social media solving big urban problems. and for me, it seems like a big step for our country. >> i agree with you, a great story. thank you for joining us. >> thank you. >> you too, richard florida joining us. >>> up next, we'll take a look at the impact on your money, and why you may be driven to distraction if you're
one thing we're seeing is the reinvention of big cities, but the other is high tech. >> i think it is really interesting, for a long time it was about silicon valley in terms of entrepreneurs, now you see it in brooklyn and across the country. >> and it is still the number one place for start-up companies, silicon valley. but number two is new york, the number two place, twitter put its headquarters in san francisco. so i think you see this new shift. what i like about this, is it...
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Sep 19, 2012
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the city was trying to push that up to 50%. some of the teachers were saying look at the population we're working with. many of these children, more than 85% of them are low income and require or rely on breakfast and lunch to get their basic nutrition each day. that says many of these children are coming in to school hungry. so when they're testing under those kind of conditions where they're hungry and coming from unstable environments, makes it very difficult, the teachers say, to link their evaluation to the students' performance and test scores. seems like both sides got some of what they want. thankfully they are not, they are back in the classroom today, becky. >> and that is good news. thank you very much for joining us today. >> you bet. >>> when we return on "squawk box," governor bob mcdonnell on the mitt romney video, the president's appearance on david letterman last night, and what we can expect from the presidential debate. >>> right now as we head to a break, though, take a look at gold prices this morning. touc
the city was trying to push that up to 50%. some of the teachers were saying look at the population we're working with. many of these children, more than 85% of them are low income and require or rely on breakfast and lunch to get their basic nutrition each day. that says many of these children are coming in to school hungry. so when they're testing under those kind of conditions where they're hungry and coming from unstable environments, makes it very difficult, the teachers say, to link their...
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Sep 13, 2012
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, philanthropist and reform efforts in the city. >> you're here in the buzz. how close are they to making a deal? i'm saying that rahm emanuel is not really a rambo guy because he's giving in. that was the information we received. is that not true or is this strike going to go on for a while? >> it's a good question. i don't think anybody knows for sure, frankly, larry. the feedback, the rumors i'm getting are that they're getting close to a deal and it's probably not the best deal for students. we'll see. >> i think the only thi thing -- they're bankrupting the till. chicago is going to go bankrupt if they don't stop these pensions and benefits. the one, bruce, that really bothers me is the public schoolteacher performance. when i see fourth graders only 15% of the fourth graders can read, first of all, my heart bleeds and second of all, it is just a tragic thing that needs to be changed. teacher performance and evaluation. otherwise, go to charter schools, otherwise, go to the parochial schools and the teacher's union has blocked charter schools and blocked
, philanthropist and reform efforts in the city. >> you're here in the buzz. how close are they to making a deal? i'm saying that rahm emanuel is not really a rambo guy because he's giving in. that was the information we received. is that not true or is this strike going to go on for a while? >> it's a good question. i don't think anybody knows for sure, frankly, larry. the feedback, the rumors i'm getting are that they're getting close to a deal and it's probably not the best deal...
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Sep 12, 2012
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the report finds cities like indianapolis and buffalo also in the top 20. the court's conclusion -- innovation comes from all corners of the country regardless of region and sector. but sue, i imagine some people thought that anyway. back to you. >> i think so. >>> speaking of innovation, let's go back out to san francisco with brian sullivan. brian? >> reporter: sue, thank you very much. just getting details on what we expected. the new connecter. in other words, this thing where you plug your iphone in to charge it in to your computer, whatever it might be, that is indeed changing. it is going to be much, much smaller. ostensibly to have more room for the battery. we talked about that longer battery life. we are getting a change in the connecting plug on the iphone 5. also talking about the camera, 38 mega pixels. much better low-light resolution. changes in the camera. more microphones. now three on the phone. the big thing for me is that connecter. i know there is a lot of hype around the phone. it is likely going to be a big hit like almost every other
the report finds cities like indianapolis and buffalo also in the top 20. the court's conclusion -- innovation comes from all corners of the country regardless of region and sector. but sue, i imagine some people thought that anyway. back to you. >> i think so. >>> speaking of innovation, let's go back out to san francisco with brian sullivan. brian? >> reporter: sue, thank you very much. just getting details on what we expected. the new connecter. in other words, this...
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Sep 7, 2012
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[ male announcer ] get more access with the citi card. [ crowd cheering, mouse clicks ] i bought the car because of its efficiency. i bought the car because i could eliminate gas from my budget. i don't spend money on gasoline. it's been 4,000 miles since my last trip to the gas station. it's pretty great. i get a bunch of kids waving at me... giving me the thumbs up. it's always a gratifying experience. it makes me feel good about my car. i absolutely love my chevy volt. ♪ it makes me feel good about my car. >>> stocks finished flat on today's lousy job numbers. but weren't professional traders supposed to be cheering? after all it's not that bad. the dow was up 216 points. the nas up, the s&p up 31. excellent numbers. we're going to talk to phil orlando, chief equity strategist at federated investor. one theory was a lousy jobs number would cement a big move for fed stimulus which is supposed to be great for stocks. what happened today? >> to some degree you had a huge move in the market yesterday. up 2% on the back of draghi's action at the ecb. having studied jackson hole a cou
[ male announcer ] get more access with the citi card. [ crowd cheering, mouse clicks ] i bought the car because of its efficiency. i bought the car because i could eliminate gas from my budget. i don't spend money on gasoline. it's been 4,000 miles since my last trip to the gas station. it's pretty great. i get a bunch of kids waving at me... giving me the thumbs up. it's always a gratifying experience. it makes me feel good about my car. i absolutely love my chevy volt. ♪ it makes me feel...
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Sep 9, 2012
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worked with the city in redoing stone street the way it was in the late 1600s. the street was completed prior to september 11th. then when 9/11 happened, everything went on pause and rewound a little bit. >> i wasn't here i was in my home in brooklyn and called me and said, what do you like us to do? i says, i didn't know how bad it was so i says prepare the restaurant and have the food ready and we'll see what's going to happen. people came but nobody wanted to eat. we had seven girls in the office. they came down and became nurses. they started cleaning their faces because people couldn't see, they couldn't even see walking in here. >> peter what about from your standpoint in terms of the aftermath of 9/11. >> it was difficult for a good year and year and a half and then you saw things were going to get better and turn around. that when we decided in 2003 to start to do our development that we had planned prior to september 11th. we have a wonderful irish pub called ulyyes and vintry wine and whisky and a pizza place named after my mom, adrian's pizza bar. >>
worked with the city in redoing stone street the way it was in the late 1600s. the street was completed prior to september 11th. then when 9/11 happened, everything went on pause and rewound a little bit. >> i wasn't here i was in my home in brooklyn and called me and said, what do you like us to do? i says, i didn't know how bad it was so i says prepare the restaurant and have the food ready and we'll see what's going to happen. people came but nobody wanted to eat. we had seven girls in...
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Sep 3, 2012
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drive around town all the time doing errands and never ever have to fill up gas in the city. i very rarely put gas in my chevy volt. last time i was at a gas station was about...i would say... two months ago. the last time i went to the gas station must have been about three months ago. i go to the gas station such a small amount that i forget how to put gas in my car. ♪ [ticking] >> in 2006, high-frequency traders accounted for 30% of the stock trades in the u.s. recent estimates have ranged as high as 70%. and institutional traders like joe saluzzi of themis trading llc have come to believe that the game is rigged. >> how can you make money day after day? there was even one firm that said they made money four years in a row, every single day. well, you have to be getting information that other people don't have. otherwise, statistically, that's an impossibility. >> actually, high-frequency traders are getting the same market information that joe saluzzi gets. they're just getting it a little bit sooner. it's only a few fractions of a second sooner, but if you're running s
drive around town all the time doing errands and never ever have to fill up gas in the city. i very rarely put gas in my chevy volt. last time i was at a gas station was about...i would say... two months ago. the last time i went to the gas station must have been about three months ago. i go to the gas station such a small amount that i forget how to put gas in my car. ♪ [ticking] >> in 2006, high-frequency traders accounted for 30% of the stock trades in the u.s. recent estimates have...
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Sep 4, 2012
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the city dubbed wall street south because of the major banking presence, including the headquarters of bank of america, was the site of a major protest on sunday. hundreds turning out to march in the city streets. what do they want? two of those organizing these protests will join us right now to talk to us about it. ben carol is with the coalition to march on wall street south. and iodine is an occupy charlotte organizer. good to see you both. thank you for joining us. the coalition, occupy charlotte, part of the big demonstration on sunday. what's the end game for your organizations? what do you isn't. >> we had a tremendous demonstration on sunday with more than 2,500 people who came out from all over the country to raise their grievances for jobs and injustice directly to the international headquarters of bank of america and wells fargo because what we see right now is that while these banks are reporting profits every quarter, the corporations are recording record profits, the recession officially ended back in 2009. the experience for everyday working people is very different. pe
the city dubbed wall street south because of the major banking presence, including the headquarters of bank of america, was the site of a major protest on sunday. hundreds turning out to march in the city streets. what do they want? two of those organizing these protests will join us right now to talk to us about it. ben carol is with the coalition to march on wall street south. and iodine is an occupy charlotte organizer. good to see you both. thank you for joining us. the coalition, occupy...
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Sep 11, 2012
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in the new york city school system. they're de minimis the number of teachers that you can actually hold accountable, the ones not up to performance. >> sure. i think there's a lot of changes going on in teacher evaluations and so-called tenure and seniority. and those are all decisions being made at the local school district level and it takes both sides. so my coalition has both school board, school administrator, teachers. i won't favor one side or the other. but all these things are negotiated between the school board and school administrators and the local teachers. >> every argument, rick, that we have and we talk about what do we do with these structural unemployment problems. and the income disparity, how do we make it equal opportunity for everyone to succeed in this great country. and it all boils down to education. it always comes back to that. and do we need to give more money, do we need to reform the system. . not too many businesses that just have no competition to keep them honest other than the public s
in the new york city school system. they're de minimis the number of teachers that you can actually hold accountable, the ones not up to performance. >> sure. i think there's a lot of changes going on in teacher evaluations and so-called tenure and seniority. and those are all decisions being made at the local school district level and it takes both sides. so my coalition has both school board, school administrator, teachers. i won't favor one side or the other. but all these things are...
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Sep 28, 2012
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s stadium plans come as the city scrambles to fix a budget problem. this week, the l.a. city council unanimously approved deep pension roll backs. but is it enough, or is l.a., like many other u.s. cities, faced with a ticking financial time bomb? let's bring in the senior fellow at the manhattan institute. what do you reckon, steve? is it going to get worse? >> yes, because this pension fix is only for new workers. in other words, workers who haven't been actually hired yet. the estimate is it will save $30 million over five years. sound like a lot of money? well, l.a.'s pension payments are supposed to double to $1.2 billion over the next five years. so this is really just peanuts. this is a city which its own chief administrative officer issued a report in april saying it does face potentially insolvency in the next four or five years. >> we want a whole lot more than peanuts. how do we progress from here? what needs to happen, steve, to be able to avoid that worst-case scenario you just mentioned? >> the problem in a place like california in general is they've waited
s stadium plans come as the city scrambles to fix a budget problem. this week, the l.a. city council unanimously approved deep pension roll backs. but is it enough, or is l.a., like many other u.s. cities, faced with a ticking financial time bomb? let's bring in the senior fellow at the manhattan institute. what do you reckon, steve? is it going to get worse? >> yes, because this pension fix is only for new workers. in other words, workers who haven't been actually hired yet. the estimate...
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Sep 13, 2012
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[ male announcer ] get more access with the citi card. [ crowd cheering, mouse clicks ] >>> our next guest was mildly surprised he says about the fed's decision to launch qe3. the question is did they get it right. bob michael is the global chief investment officer for jpmorgan asset management's global fixed income and currency group. so why were you mildly surprised? what surprised you? >> i think the exclusive focus on mortgages was a pleasant surprise. i think beforehand there had been a lot of speculation they might either do nothing and just extend the language of when they would raise interest rates to 2015. >> what should we read into the fact that the purchases are going to exclusively be mortgages, not long term treasuries, not anything else, apparently? >> i think it speaks to two things. i think first of all ben bernanke has talked a lot about how important the housing recovery is to the u.s. and this clearly targets housing. i think there's also a nod to congress and the administration here. they've talk about housing so you have to accept the politics of it. >> who's go
[ male announcer ] get more access with the citi card. [ crowd cheering, mouse clicks ] >>> our next guest was mildly surprised he says about the fed's decision to launch qe3. the question is did they get it right. bob michael is the global chief investment officer for jpmorgan asset management's global fixed income and currency group. so why were you mildly surprised? what surprised you? >> i think the exclusive focus on mortgages was a pleasant surprise. i think beforehand...
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Sep 18, 2012
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[ male announcer ] get more access with the citi card. [ crowd cheering, mouse clicks ] >>> the stocks get no respect. you want to find stocks where the easy money hasn't already been made. if you want to own something, you need to learn how to look at these losers. most losers they stay losers. every now and then you find one waiting to be unlocked where the sum of the company's parts is worth more than the corporate whole s it is not because i'm some kind of jerk who gets a kick out of romance although that is an add deed bonus. and i got another break up play to suggest tonight. i'm talking about warnico, wrc. the company that has not been able to keep up with the rest of the industry. the company which declared bankruptcy a little more than a decade ago makes sportswear and intimate apparel. but you are familiar with the brands that they license from calvin klein and they have a license for speedo swimsuits. no, i have enough shame not to wear a speedo out here. although my staff has told me that they thought i had the body to pull it off. the brand sells for off the charts. everyo
[ male announcer ] get more access with the citi card. [ crowd cheering, mouse clicks ] >>> the stocks get no respect. you want to find stocks where the easy money hasn't already been made. if you want to own something, you need to learn how to look at these losers. most losers they stay losers. every now and then you find one waiting to be unlocked where the sum of the company's parts is worth more than the corporate whole s it is not because i'm some kind of jerk who gets a kick out...
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Sep 12, 2012
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overlooking some of the most valuable real estate in the city. they have been staging areas for street crime against tourists and safe havens for drug gangs so well armed that they brought down a police helicopter a few years ago with heavy machine gun fire. finally, after years of looking the other way, the military police have begun to move in. [machine guns firing] in fall 2010, some parts of rio were a battle zone, with the drug traffickers burning busses near some of the sports venues. but so far, the police have pacified 17 of the most dangerous favelas, and there are still 23 more to go. >> this is a revolution. i myself did not believe this three years ago. there's a solution for slums all over brazil. >> but there also some massive problems with infrastructure. if the road to brazil's future is long and wide, it is also jammed with traffic and filled with potholes. 90% of the roads in the country are still unpaved, and in the cities, there's not much in the way of public transportation. whatever happens in brazil, no one will be able to
overlooking some of the most valuable real estate in the city. they have been staging areas for street crime against tourists and safe havens for drug gangs so well armed that they brought down a police helicopter a few years ago with heavy machine gun fire. finally, after years of looking the other way, the military police have begun to move in. [machine guns firing] in fall 2010, some parts of rio were a battle zone, with the drug traffickers burning busses near some of the sports venues. but...
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Sep 11, 2012
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2008/2009 period, one of the things that kept the market from moving up was the citi corp. write-down. it was the serial write-down. they must have had more write-down -- in terms of the write-down hall of shame, citi has just dominated that whole annex. >> they did. that was from the holdings of cdos. this is a little different. >> right. >> a lot of people involved. a lot of fingerprints on the people who got that wrong, citi. >> i wanted to briefly point out google, testing $700 a share. the reason i bring this up, it's a very large weight in the s&p 500 is actually the 12th biggest stock on the s&p. it looks right now to be overextended. this has been a big reason why the s&p 500 has outperformed the dow over the past 13 weeks. in terms of performance above the 200-day moving average, it is trading above the 200-day average as it has a few other times in the past where there were intermediate props. they're saying the outperformance points to potential breakdown, may have seen the top. i don't know what you think. it's kind of a monster run. >> i know they do have europ
2008/2009 period, one of the things that kept the market from moving up was the citi corp. write-down. it was the serial write-down. they must have had more write-down -- in terms of the write-down hall of shame, citi has just dominated that whole annex. >> they did. that was from the holdings of cdos. this is a little different. >> right. >> a lot of people involved. a lot of fingerprints on the people who got that wrong, citi. >> i wanted to briefly point out google,...
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Sep 18, 2012
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but the teacher s got some of what it wanted and the city got some of what it wanted. >> thank you we appreciate it. >> now to today's other big story. the romney campaign, the gop nominee made at a private mund razois race fundraiser. >> take a listen to mr. trump. i don't think he should apologize. but he should not be apologizing. so just what will the political fall out of this gaff if any. let's go to robert costa of the national review. >> this is a big story of mitt romney. they see this as a one-week story. maybe a 24-hour story. they believe that they can get beyond this shiny object they can win this election. >> it was taken only months ago. and it was filtered again. >> can mitt romney come back to the economy? that is what his campaign was focused on today. getting back to the mufundaments of whether or not they think he is strong. i'm going to share with senior adviser ed gillespie. former clinton white house aid, keith boynten. thanks. ed klein, do you think that romney ought to apologize? do you think he was wrong the way he went through the 47%? >> i think he shouldn'
but the teacher s got some of what it wanted and the city got some of what it wanted. >> thank you we appreciate it. >> now to today's other big story. the romney campaign, the gop nominee made at a private mund razois race fundraiser. >> take a listen to mr. trump. i don't think he should apologize. but he should not be apologizing. so just what will the political fall out of this gaff if any. let's go to robert costa of the national review. >> this is a big story of...
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Sep 5, 2012
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here's the economic drill down on the nation's 19th largest city. in just the past decade, nearly 7,000 firms have invested more than $12 billion in to the queen city thanks to its stronghold of finance, transportation and distribution. with a population of 772,000, metro charlotte currently has an unemployment rate of 9.8% and an average household income of a little more than $54,000 a year. it's also the nation's second largest banking center outside of new york with $2.3 trillion in assets and home to 9 fortune 500 companies. some of the city's top employers include wells fargo, bank of america merrill lynch and walmart. duke energy is there, as well as is food lion, at&t, lowe's and u.s. airways. and speaking of charlotte, tonight president clinton takes center stage. comeback of sorts. john harwood is there live. he's a persuasive and charismatic speaker. >> reporter: especially on the economy, sue, which is why your economic data in the intro is so appropriate. last night we heard from the san antonio mayor and michele obama in motivational te
here's the economic drill down on the nation's 19th largest city. in just the past decade, nearly 7,000 firms have invested more than $12 billion in to the queen city thanks to its stronghold of finance, transportation and distribution. with a population of 772,000, metro charlotte currently has an unemployment rate of 9.8% and an average household income of a little more than $54,000 a year. it's also the nation's second largest banking center outside of new york with $2.3 trillion in assets...
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Sep 12, 2012
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they're bankrupting the whole city. we have richard allenberg, senior fellow of the foundation and michael petrilli from the thomas b. institute. you're my liberal. barack obama is my liberal tonight. he wants performance reform, so does arne duncan, why are all your left wing teacher union friends in chicago bucking their guy from chicago, obama, who actually, and i'm going say it, got this story right? >> well, i think they're reacting because obama's been spending a little too much time with the hedge fund managers and not with the teachers who are in the classroom every day. teachers want to have accountability. that's not the question. the question is are we going to have a fair system accountability? in places like montgomery county maryland, they have a great system where they go into the classroom and evaluate their peers and they recommend a lot of their peers get fired if they're not up to the job. why shouldn't they get fired? if i'm not up to my job i'm going get fired. if you're not up to your job you're go
they're bankrupting the whole city. we have richard allenberg, senior fellow of the foundation and michael petrilli from the thomas b. institute. you're my liberal. barack obama is my liberal tonight. he wants performance reform, so does arne duncan, why are all your left wing teacher union friends in chicago bucking their guy from chicago, obama, who actually, and i'm going say it, got this story right? >> well, i think they're reacting because obama's been spending a little too much...
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Sep 17, 2012
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boring. [ jack ] after lauren broke up with me, i went to the citi private pass page and decided to be...not boring. that's how i met marilyn... giada... really good. yes! [ jack ] ...and alicia. ♪ this girl is on fire [ male announcer ] use any citi card to get the benefits of private pass. more concerts, more events, more experiences. [ jack ] hey, who's boring now? [ male announcer ] get more access with the citi card. [ crowd cheering, mouse clicks ] >>> welcome back. the new iphone 5 due out friday of this week but that's not stopping a record of iphone lovers from getting their preorders in and helping to lift the stock to new highs. jon fortt here is with all the numbers. >> 1.5 billi$1.5 billion dtin t. you have to wonder, does this mean apple will tell us next week they've done 8 million units? we'll probably know a week from today. meanwhile, people lining up outside apple stores in new york to make that happy. it's not just a phone. it's a mini economy. many will shell out for accessories, apps and data plans, too. >> thank you, jon. >> if you want to get in on the iphone
boring. [ jack ] after lauren broke up with me, i went to the citi private pass page and decided to be...not boring. that's how i met marilyn... giada... really good. yes! [ jack ] ...and alicia. ♪ this girl is on fire [ male announcer ] use any citi card to get the benefits of private pass. more concerts, more events, more experiences. [ jack ] hey, who's boring now? [ male announcer ] get more access with the citi card. [ crowd cheering, mouse clicks ] >>> welcome back. the new...
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Sep 4, 2012
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perhaps the most expensive airport to inner city cab ride in the world is in japan. a one-way fare from nor rita international airport from the heart of tokyo will cost you $174. 20,000 yen! i don't know whether they tip over there, maybe they do or don't. i figure the tip there is another 30 bucks on that fare. >> maybe the airport is just further away. >> you know, i don't know that. i've been there but never driven from norita into the city. >> next up, we willful up on that organic study and look how it may impact stocks like whole foods. a top analyst tells us what he thinks about the organic sector. don't check out, coming up. [ male announcer ] let's say you need to take care of legal matters. wouldn't it be nice if there was an easier, less-expensive option than using a traditional lawyer? well, legalzoom came up with a better way. we took the best of the old and combined it with modern technology. together you get quality services on your terms, with total customer support. legalzoom documents have been accepted in all 50 states, and they're backed by a 100%
perhaps the most expensive airport to inner city cab ride in the world is in japan. a one-way fare from nor rita international airport from the heart of tokyo will cost you $174. 20,000 yen! i don't know whether they tip over there, maybe they do or don't. i figure the tip there is another 30 bucks on that fare. >> maybe the airport is just further away. >> you know, i don't know that. i've been there but never driven from norita into the city. >> next up, we willful up on...
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Sep 11, 2012
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couldn't run the city if i couldn't have evaluated the people that work for me. you want to run a school system where, i don't know, 70, 80% aren't at grade level in chicago. that's a disgrace. that's what they should be strike over. they should be striking over the fact those kids aren't getting a good education. >> they want the raise, but they also can't be fired. >> and their performance is disgraceful. 60, 70% can't do math, can't do english at grade level. they should be ashamed of themselves. >> you've endorsed mitt romney for president. >> i have. >> of course, his idea very clearly different than mr. obama's idea. a poll we've been mentioning today has the president now leading mitt romney on his dealings for the economy. i was actually very surprised at this because romney/ryan have put the economy and economic issues at the front burner. the president has the confidence. >> i think that's sort of an effect of the convention and the more favorable coverage he got for his convention than mitt romney. i think this is a neck and neck election. i really don
couldn't run the city if i couldn't have evaluated the people that work for me. you want to run a school system where, i don't know, 70, 80% aren't at grade level in chicago. that's a disgrace. that's what they should be strike over. they should be striking over the fact those kids aren't getting a good education. >> they want the raise, but they also can't be fired. >> and their performance is disgraceful. 60, 70% can't do math, can't do english at grade level. they should be...
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Sep 12, 2012
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consulate in the city of benghazi. we've been told by libyan officials now confirmed by the president and others that the u.s. ambassador was in the consulate at the time, along with three other americans when it was attacked. >> the united states condemns in the strongest terms this outrageous and shocking attack. we're working with the government of libya to secure our diplomats. i've also directed my administration to increase our security at diplomatic posts around the world. and make no mistake, we will work with the libyan government to bring to justice the killers who attacked our people. >> reporter: according to the doctor who treated the u.s. ambassador, he died of smoke inhalation. >> nbc's richard engel reporting from cairo. what do these attacks mean to the oil market? joining us, vice president of middle eastern and south asian affai affairs. thank you for being with us. if you can't see a rally in the price of oil in an almost unprecedented situation like this where you've basically got an oil producing
consulate in the city of benghazi. we've been told by libyan officials now confirmed by the president and others that the u.s. ambassador was in the consulate at the time, along with three other americans when it was attacked. >> the united states condemns in the strongest terms this outrageous and shocking attack. we're working with the government of libya to secure our diplomats. i've also directed my administration to increase our security at diplomatic posts around the world. and make...
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Sep 5, 2012
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in the coastal city of sendai, a city of a million people-- about the size of detroit-- we saw nearly 3,000 residents patiently waiting for a grocery store to open for the first time in days. there are shortages of food, and lines for gasoline stretch half a mile. add to all of this what you might call nuclear refugees. thousands are in shelters because their homes are too close to the fukushima reactors. not only are their homes in danger of being irradiated but every possession they own. yoshihiko igarashi's house is three miles from the plant. his daughter was born there. she turned 20 last week in the shelter. like everyone, they've laid out a few square feet on the floor with no idea how long they'll be here. 1,600 people are in this shelter alone. it's just 20 miles from where the reactor fires are burning. if you believe u.s. experts, that's much too close. >> [speaking japanese] >> igarashi told us he feels that way too. the japanese are, for the moment, balancing between the disaster that has happened and the disaster that awaits. the prime minister told his people they will
in the coastal city of sendai, a city of a million people-- about the size of detroit-- we saw nearly 3,000 residents patiently waiting for a grocery store to open for the first time in days. there are shortages of food, and lines for gasoline stretch half a mile. add to all of this what you might call nuclear refugees. thousands are in shelters because their homes are too close to the fukushima reactors. not only are their homes in danger of being irradiated but every possession they own....
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Sep 4, 2012
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drive around town all the time doing errands and never ever have to fill up gas in the city. i very rarely put gas in my chevy volt. last time i was at a gas station was about...i would say... two months ago. the last time i went to the gas station must have been about three months ago. i go to the gas station such a small amount that i forget how to put gas in my car. ♪ there's natural gas under my town. it's a game changer. ♪ it means cleaner, cheaper american-made energy. but we've got to be careful how we get it. design the wells to be safe. thousands of jobs. use the most advanced technology to protect our water. billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ >>> final trades. >> aci long johnson controls. >> pan america can silver. >> i will be revisiting verizon. >> and mr. new
drive around town all the time doing errands and never ever have to fill up gas in the city. i very rarely put gas in my chevy volt. last time i was at a gas station was about...i would say... two months ago. the last time i went to the gas station must have been about three months ago. i go to the gas station such a small amount that i forget how to put gas in my car. ♪ there's natural gas under my town. it's a game changer. ♪ it means cleaner, cheaper american-made energy. but we've got...
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Sep 18, 2012
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we'll bring you the very latest from the windy city. >>> and cliff notes. the house ways and means committee tackles the fiscal cliff. can anything be resolved before election day? that's all coming up on the "closing bell." >>> big news out of a widely held stock. microsoft increasing its def dend by 15%. >> i guess is it not trading in the after hours? i would think that would push the stock higher. >> we're going to have more coming up. i would think. especially now everybody is hot for dividend players at the moment. looking for income and yields. seema will have more coming up. >>> meantime, home builder stocks down today but on a tear for the year as the national association of home builders index out this morning hit a six-year high. >> our housing guru has the low down on the huge upside surprise live from washington. >> thanks, michelle. it's all about home builder confidence. not in the positive yet, but it's at a 40 on the national home builders association index. now, moving forward, take a look at the three components of the index. all were up,
we'll bring you the very latest from the windy city. >>> and cliff notes. the house ways and means committee tackles the fiscal cliff. can anything be resolved before election day? that's all coming up on the "closing bell." >>> big news out of a widely held stock. microsoft increasing its def dend by 15%. >> i guess is it not trading in the after hours? i would think that would push the stock higher. >> we're going to have more coming up. i would think....
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Sep 21, 2012
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. >> there's an article in the september issue of "the bond buyer" saying cities pass a low point. >> right. >> do you agree with that that the pace of defaults and bankruptcies are actually slowing? >> interesting thing, default year to date are up versus last year, but 3.1 billion versus i believe 2 billion last year, year to date, so still relatively small and not the -- you know, the enormous number that has been bandied about in the past. 57% of localities of cities and states are saying they are actually better to meet their needs this year as opposed to last year. california's general fund is up, and you're also seeing situations where states are sitting down with unions and really working out new ways of working out pensions. that's good to help right now regardless. >> this what do you see for demand for munis? >> it's rising. issuance has been really strong. >> to what do you attribute this? >> after-tax yields and even before-tax yields on municipal bonds are still some of the highest rates that we've seen. so one of the things that we look at is the taxable-to-tax-free rat
. >> there's an article in the september issue of "the bond buyer" saying cities pass a low point. >> right. >> do you agree with that that the pace of defaults and bankruptcies are actually slowing? >> interesting thing, default year to date are up versus last year, but 3.1 billion versus i believe 2 billion last year, year to date, so still relatively small and not the -- you know, the enormous number that has been bandied about in the past. 57% of localities...
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Sep 10, 2012
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drive around town all the time doing errands and never ever have to fill up gas in the city. i very rarely put gas in my chevy volt. last time i was at a gas station was about...i would say... two months ago. the last time i went to the gas station must have been about three months ago. i go to the gas station such a small amount that i forget how to put gas in my car. ♪ >>> normally when a company agrees to sell itself, management is applauded, not criticized and vilified. that happened last thursday. american reality capital trust, arct that i recommended back in july plans to sell itself to reality encok income in an all- deal worth about $1.9 billion. there's a lot of frustration here. some investors feel like they're losing an opportunity to make long-term money in a terrific company with a huge dividend. some accused the company of leaving money on the table. however, i think it's kind of ridiculo ridiculous. when we had arct on the show on july 12th, we had a 14% return. that's why nick, the chairman is here with us tonight. welcome back to "mad money." >> have a sea
drive around town all the time doing errands and never ever have to fill up gas in the city. i very rarely put gas in my chevy volt. last time i was at a gas station was about...i would say... two months ago. the last time i went to the gas station must have been about three months ago. i go to the gas station such a small amount that i forget how to put gas in my car. ♪ >>> normally when a company agrees to sell itself, management is applauded, not criticized and vilified. that...
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Sep 26, 2012
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boring. [ jack ] after lauren broke up with me, i went to the citi private pass page and decided to be...not boring. that's how i met marilyn... giada... really good. yes! [ jack ] ...and alicia. ♪ this girl is on fire [ male announcer ] use any citi card to get the benefits of private pass. more concerts, more events, more experiences. [ jack ] hey, who's boring now? [ male announcer ] get more access with the citi card. [ crowd cheering, mouse clicks ] >>> welcome back to the "kudlow report." so the producers behind the wildly successful political documentary "2016: obama's america," they say slime ball tactics from the left are keeping potential audiences out of the theaters and away from the film. all of this after the film maker spent the weekend defending their film from piracy and false rumors it would air for free on tv. so let's talk here now with keith boykin, former clinton white house aid and president of the kings college and the film maker and author behind "2016: obama's america." danesh, people are trying to stop the movie and putting it for free on youtube. why are t
boring. [ jack ] after lauren broke up with me, i went to the citi private pass page and decided to be...not boring. that's how i met marilyn... giada... really good. yes! [ jack ] ...and alicia. ♪ this girl is on fire [ male announcer ] use any citi card to get the benefits of private pass. more concerts, more events, more experiences. [ jack ] hey, who's boring now? [ male announcer ] get more access with the citi card. [ crowd cheering, mouse clicks ] >>> welcome back to the...
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Sep 7, 2012
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[ male announcer ] get more access with the citi card. [ crowd cheering, mouse clicks ] oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your "honk if you had an affair with taylor" yard sign. looks good. [ male announcer ] fedex office. now save 50% on banners. >>> today's "return on retirement." which state has set aside the most funding for retiree health care liabilities? the answer arizona. with 69% funded. according to the pew center on the states. for more on retirement, go to retirement.cnbc.com. >>> well, here on cnbc, we're always looking for signs of life in america and today our search takes us to florida's space coast where the big fear was at the end of the shuttle program we would see the region flat lining but there's something else b
[ male announcer ] get more access with the citi card. [ crowd cheering, mouse clicks ] oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your "honk if...
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Sep 12, 2012
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the city of chicago and the state of illinois! >> no, you're right, and central bankers only want you to read part of their report card. you heard bernanke a few weeks ago -- >> exactly. >> defending his policy. but his book is not written until his policy is reversed. on one side he says, yes, the policies have boosted the stock markets, that drives growth, but what happens when they reverse it and the stock market goes down? is he going to say those 2 million jobs lost were on my watch? no, he'll probably blame somebody else. so central bank activity just temporarily covers up the underlying disease rather than dealing with that disease. >> well, you know, to me, another way to look at this and i want your comments is that they joined our plan. and our plan is instead of having a depression-like event that would be ugly and maybe it last a year or two, stretch it out over a long period of time till you diminish the impact of the explosion and spread it out over ten, 15 years, isn't that really what's going on? >> right. a la jap
the city of chicago and the state of illinois! >> no, you're right, and central bankers only want you to read part of their report card. you heard bernanke a few weeks ago -- >> exactly. >> defending his policy. but his book is not written until his policy is reversed. on one side he says, yes, the policies have boosted the stock markets, that drives growth, but what happens when they reverse it and the stock market goes down? is he going to say those 2 million jobs lost were...
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Sep 19, 2012
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this is in the british port city of bristol. according to the bbc, more than 350 firms have signed up to launch an independent currency, seen as a direct challenge to the pound sterling. one local organizer said the idea is to issue money that can only be used in their shop. it's not just shops. it's also going to be credit-based as well. it's an interesting idea. >> it is, but as a viewer points out, the bristol pound is a waste of time. it's worth one to one, so it has no point. a marketing gimmick. i'm not sure what taxpayers would be liable for. it is a good point that still is 1/1, but at the same time, if you're required to spend it in the local community -- >> you can only spend it in those shops that take it. so if you've got something, you have to go -- >> it is interference in the free market. so it's interesting. >> on the other hand, they would say they're expressing the free market by being able to launch their own currency. >> or perhaps reflecting demand for it. >> the interesting thing is is that it ties in with
this is in the british port city of bristol. according to the bbc, more than 350 firms have signed up to launch an independent currency, seen as a direct challenge to the pound sterling. one local organizer said the idea is to issue money that can only be used in their shop. it's not just shops. it's also going to be credit-based as well. it's an interesting idea. >> it is, but as a viewer points out, the bristol pound is a waste of time. it's worth one to one, so it has no point. a...
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Sep 5, 2012
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drive around town all the time doing errands and never ever have to fill up gas in the city. i very rarely put gas in my chevy volt. last time i was at a gas station was about...i would say... two months ago. the last time i went to the gas station must have been about three months ago. i go to the gas station such a small amount that i forget how to put gas in my car. ♪ this country was built by working people. the economy needs manufacturing. machines, tools, people making stuff. companies have to invest in making things. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm proud of that. making real things... for real. ...that make a real difference. ♪ in communities across the country. whether it's supporting a delaware nonprofit that's providing training and employment opportunities, investing in the revitalization of a neighborhood in the bronx, or providing the financing to help a belove
drive around town all the time doing errands and never ever have to fill up gas in the city. i very rarely put gas in my chevy volt. last time i was at a gas station was about...i would say... two months ago. the last time i went to the gas station must have been about three months ago. i go to the gas station such a small amount that i forget how to put gas in my car. ♪ this country was built by working people. the economy needs manufacturing. machines, tools, people making stuff. companies...
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Sep 13, 2012
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i think it involves the city we're in. >> it does indeed. a new development in a story that has drawn intense public interest. new york city has voted in favor of that ban of sugary soft drinks above the 16-understand size. eight in favor, one an extension in the vote. the mayor's office tweeting the results of that. it goes into effect in six months. the ban would take place in restaurants, movie theaters, and some other places as well. and, carl, as you know, given what mcdonald's said yesterday with its own calorie information it comes as the nation seems to be more focused than ever on the issue of obesity. hard to tell if this is the final say in all of this. there is the group called new yorkers for beverage choices. maybe they're considering a lawsuit for all of this, but at least now a big victory for mayor bloomberg. again, the ban will go into effect on some sugary drinks in six months, carl. >> scott wapner, thank you so much. when we come back the man who test drove the google glasses tell s us what they're really like. can it co
i think it involves the city we're in. >> it does indeed. a new development in a story that has drawn intense public interest. new york city has voted in favor of that ban of sugary soft drinks above the 16-understand size. eight in favor, one an extension in the vote. the mayor's office tweeting the results of that. it goes into effect in six months. the ban would take place in restaurants, movie theaters, and some other places as well. and, carl, as you know, given what mcdonald's said...
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Sep 14, 2012
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drive around town all the time doing errands and never ever have to fill up gas in the city. i very rarely put gas in my chevy volt. last time i was at a gas station was about...i would say... two months ago. the last time i went to the gas station must have been about three months ago. i go to the gas station such a small amount that i forget how to put gas in my car. ♪ >>> welcome back. mitt romney says fathead ben bernanke had no choice but to set sail on qe-3 because obama-nomics has been such a dismal failure. take a listen to romney. >> what bernanke is doing is saying what the president is saying is wrong. the president says the economy is making progress. bernanke is saying no it's not, i've got to print more money. >> i happen to think mitt romney's right, but with stocks soaring at a five-year high, and looked like they're headed higher, is this fed-driven stock market rally going to re-elect president obama despite the terrible economy? let's go to former pennsylvania governor ed rendell, former dnc chairman also, let's go to cnbc contributors jennifer rubin auth
drive around town all the time doing errands and never ever have to fill up gas in the city. i very rarely put gas in my chevy volt. last time i was at a gas station was about...i would say... two months ago. the last time i went to the gas station must have been about three months ago. i go to the gas station such a small amount that i forget how to put gas in my car. ♪ >>> welcome back. mitt romney says fathead ben bernanke had no choice but to set sail on qe-3 because obama-nomics...
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Sep 4, 2012
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. >> one of the names on your list is citi. for the most part, everybody pounds the table. >> citi to us is a third tier bank. they will have a lot of trouble. they are acting like they will move into the emerging markets and that will be their mainstay. they are getting ready to sell their wealth management division. it is the blue chip of blue chip businesses. i just don't feel like they are doing the right things to manage their businesses properly. >> thank you very much. a pleasure to have you come in. a little jab at city. they probably deserve it. >> putting everything together that brad is talking about, you are talking about a global slow down. look at yum as a short as well. >> you're comparing -- okay. comparing tacos to tiffanys. >> when they missed by a penny, the stock pops that represents the risk. i think you want to be long put spreads. they have the licenses issue. that represents 10% of the sales there. i like put spreads and tiffanys. >> thank you very much. in the meantime, the euro falling by a quarter per
. >> one of the names on your list is citi. for the most part, everybody pounds the table. >> citi to us is a third tier bank. they will have a lot of trouble. they are acting like they will move into the emerging markets and that will be their mainstay. they are getting ready to sell their wealth management division. it is the blue chip of blue chip businesses. i just don't feel like they are doing the right things to manage their businesses properly. >> thank you very much....
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Sep 11, 2012
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drive around town all the time doing errands and never ever have to fill up gas in the city. i very rarely put gas in my chevy volt. last time i was at a gas station was about...i would say... two months ago. the last time i went to the gas station must have been about three months ago. i go to the gas station such a small amount that i forget how to put gas in my car. ♪ >>> it is time for the lightning round! are you ready? skee-daddy. hayden in georgia. >> caller: booyah, jim! >> boo-booyah! >> caller: i decided to go with the crowd. i think it's a good one. i do prefer. annalee. >> bobby in virginia. >> caller: jim, virginia tech hokie booyah! >> i'll give you a brian sullivan hokie booyah back at you. >> caller: my stock is southwest energy. >> it's cheap, it's cheap. it isn't enough for me but it is cheap and it's a well-run company. scott in florida. scott. >> caller: big booyah to you from fort lauderdale! >> love it, sunshine. love it. >> caller: hey, hold or sell? >> it's been horrendous. ludnick was on. it's been horrendous. i don't know what to say. it does have
drive around town all the time doing errands and never ever have to fill up gas in the city. i very rarely put gas in my chevy volt. last time i was at a gas station was about...i would say... two months ago. the last time i went to the gas station must have been about three months ago. i go to the gas station such a small amount that i forget how to put gas in my car. ♪ >>> it is time for the lightning round! are you ready? skee-daddy. hayden in georgia. >> caller: booyah,...
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Sep 6, 2012
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drive around town all the time doing errands and never ever have to fill up gas in the city. i very rarely put gas in my chevy volt. last time i was at a gas station was about...i would say... two months ago. the last time i went to the gas station must have been about three months ago. i go to the gas station such a small amount that i forget how to put gas in my car. ♪ how did i get here? dumb luck? or good decisions? ones i've made. ones we've all made. about marriage. children. money. about tomorrow. here's to good decisions. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. the economy needs manufacturing. machines, tools, people making stuff. companies have to invest in making things. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm proud of that. making real things... for real. ...t
drive around town all the time doing errands and never ever have to fill up gas in the city. i very rarely put gas in my chevy volt. last time i was at a gas station was about...i would say... two months ago. the last time i went to the gas station must have been about three months ago. i go to the gas station such a small amount that i forget how to put gas in my car. ♪ how did i get here? dumb luck? or good decisions? ones i've made. ones we've all made. about marriage. children. money....
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Sep 10, 2012
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compensation from the employees responsible for the mess and the citi board is a larger question, 5% of the shareholders are saying no compensation so how do you deal with that? that's a much more fundamental problem and one they need to work out with their shareholders. >> what does the future hold for sheila bair in terms of public life? >> i'm content doing what i'm doing. >> for how long? >> the pew work is interesting. for as long as i want to do it. >> who do you think looks at you more ascance, republicans or democrats. would you be in a republican or democratic institution? >> i decided to stay out of the presidential politics this year because i don't frankly i'm disappointed with both and i don't want anybody to think my book has got any kind of motivations. it doesn't. i laud people to both parties. >> is this the children's book? >> no, she has a big book coming out in a couple of weeks. >> you have a children's book so it's not in there. i'm not reading that wrong. i didn't see a lot of political stuff in the children's book. >> no political stuff. parents be assured thi
compensation from the employees responsible for the mess and the citi board is a larger question, 5% of the shareholders are saying no compensation so how do you deal with that? that's a much more fundamental problem and one they need to work out with their shareholders. >> what does the future hold for sheila bair in terms of public life? >> i'm content doing what i'm doing. >> for how long? >> the pew work is interesting. for as long as i want to do it. >> who do...
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Sep 23, 2012
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tuesday, case-shiller index gives us a window into home prices in 20 cities across the nation. the latest reading of consumer confidence will be out on tuesday. wednesday, new home sales from the last month. on thursday, the final reading of gross domestic product for the second quarter will be out. the gdp, of course, the broadest measure of the health of the u.s. economy and typically a market mover. that's the show for today. thanks so much for being with many me next week, former fdic chair sheila bair. each week keep it right here where wall street meets main street. have a great week, everybody. i'll see you next weekend. to compete on the global stage. what we need are people prepared for the careers of our new economy. by 2025, we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone's ready with the know how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu/knowhow. ♪ extra curricular ac
tuesday, case-shiller index gives us a window into home prices in 20 cities across the nation. the latest reading of consumer confidence will be out on tuesday. wednesday, new home sales from the last month. on thursday, the final reading of gross domestic product for the second quarter will be out. the gdp, of course, the broadest measure of the health of the u.s. economy and typically a market mover. that's the show for today. thanks so much for being with many me next week, former fdic chair...
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Sep 10, 2012
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that has to be part of the solution here in the city. he's threading the needle holding the line against the teachers especially on issues like accountability, giving principals more ownership in terms of removing those teachers who are not performing, having teache erers make the grade in s of student test scores and that's tough to do in this day and age. the issue is less about money and more about accountability. rahm emanuel is trying to hold the teachers to a strict line there. >> do you have a sense, phil, as to how long this strike will be able to continue before parents draw the line in the sand? >> only a few days. you can already see it. there is a palpable feeling in this city from a lot of parents who are fed up with the mayor, but also fed up with the teachers. they're looking at this and saying, come on, really? you can't come to an agreement? you've known for some time when school was supposed to start. you should have come to an agreement by now. i think after a couple of days both sides will really feel the heat that th
that has to be part of the solution here in the city. he's threading the needle holding the line against the teachers especially on issues like accountability, giving principals more ownership in terms of removing those teachers who are not performing, having teache erers make the grade in s of student test scores and that's tough to do in this day and age. the issue is less about money and more about accountability. rahm emanuel is trying to hold the teachers to a strict line there. >>...
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Sep 20, 2012
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in the meantime, we have moved forward the whole dialogue with the cities how we help to recreate a much more calm and efficient and more sustainable infrastructure programs in many cities around the world. so this becomes a key customer set for us in the crystal is whether this knowledge is really happening. the engagement agenda with planners, with mayors. and this will be connected to the world. so this will be us talking much earlier. >> but this is quite an expensive project, as well. it's not a project that you anticipate will be copied elsewhere. >> this is something which is unique and it's set up because it also hosts the 30 best technologies which siemens has available. they will will be having the tile log with the customers and we will have it linked up through networks and through other parts of the world. so this will be also the place where best practice sharing is happening so different cities can learn what works better in singapore or new york. >> there are signals we're seeing a slowdown in the manufacturing and industrial segment of germany. do you anticipate this? >>
in the meantime, we have moved forward the whole dialogue with the cities how we help to recreate a much more calm and efficient and more sustainable infrastructure programs in many cities around the world. so this becomes a key customer set for us in the crystal is whether this knowledge is really happening. the engagement agenda with planners, with mayors. and this will be connected to the world. so this will be us talking much earlier. >> but this is quite an expensive project, as...
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Sep 17, 2012
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we have to think about the city call on refiners. the sector has been on fire recently and took a hit after citi downgraded. >> phillips 66 is interesting. they downgraded the stock to neutral but raised the price target from 49 bucks to 40. i think it is going to 49. we talked about this stock since it was mid 30s. although it was down small today i think the stock has room to upside. >> he feels as if they will all beat on earnings. unless i read that poorly thee feels they will all beat. he thinks margins are in question. they are all up huge. maybe he wants to hit the cash register at this point. >> i think it is a lot of rotation in the commodity space. look at nickel. nickel prices which have lagged. nickel was up 6% today. how do ayou play that? these are names that are world leaders in nickel. you are seeing guys looking to find the rotation rally. >> by far the most active space we have seen outside of the financials has been in the refinery space. when you look at the different names moved to the upside that continued into
we have to think about the city call on refiners. the sector has been on fire recently and took a hit after citi downgraded. >> phillips 66 is interesting. they downgraded the stock to neutral but raised the price target from 49 bucks to 40. i think it is going to 49. we talked about this stock since it was mid 30s. although it was down small today i think the stock has room to upside. >> he feels as if they will all beat on earnings. unless i read that poorly thee feels they will...
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Sep 12, 2012
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in the risk of citi? >> so they already had it? >> they already had it. >> boy, he's hard to -- you weren't going to be able to make your point with him. but your point is there's a perception that small business is not hiring and really can't get the credit it needs from the financial system to hire for some reason. you think it has to do with overregulation? or is it just the hangover from the crisis? bill, you weigh in. >> i think there was a time when credit was not available, just after. but i don't think that's the -- >> it's available. >> what's the problem now? >> well, the lack -- the companies who need the money, banks don't want to lend to. and the people who don't need the money are not investing because they have no confidence. >> no confidence in what? >> in the economy and the future. let's just look, again, small business has been the engine of growth in this country forever. and we have more small business customers, i talk to them all the time. here's what they say. i am so scared of the
in the risk of citi? >> so they already had it? >> they already had it. >> boy, he's hard to -- you weren't going to be able to make your point with him. but your point is there's a perception that small business is not hiring and really can't get the credit it needs from the financial system to hire for some reason. you think it has to do with overregulation? or is it just the hangover from the crisis? bill, you weigh in. >> i think there was a time when credit was not...
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Sep 10, 2012
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problems here in the city. that's what mayor emanuel's hoping to do at least in the next couple of days. i'm not real optimistic based on the history here in the city. >> wow. all right. what a situation. phil lebeau, thanks for the update. >>> coming up next, from facebook to apple. this week is a huge one in the tech world. will mark zuckerberg be able to convince investors facebook is worth their money? can apple hit $700 a share? we'll discuss that and much more right after this. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. is an awesome place to be. introducing the all-new 2013 chevrolet malibu eco. ♪ s
problems here in the city. that's what mayor emanuel's hoping to do at least in the next couple of days. i'm not real optimistic based on the history here in the city. >> wow. all right. what a situation. phil lebeau, thanks for the update. >>> coming up next, from facebook to apple. this week is a huge one in the tech world. will mark zuckerberg be able to convince investors facebook is worth their money? can apple hit $700 a share? we'll discuss that and much more right after...
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Sep 19, 2012
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new york was voted the loudest and the rudest town in the country but despite it's labelled as a city that never sleeps more than 50 million tourists visited last year. >> ronnie wrote "that smell" for gary who drove his car into an oak tree while he was under the influence. released in october of '78. get your albums right now, folks. >> pop for cabella's. >> you make fun of me. cabella's is an all time high. people going out and buying ammo it is a real story. >> a pop for google up 1%. >> it is kind of like what mary an said. it is a stock left for dead as of july. still lagging the major indexes and going for the 740 all time high in 2007. >> a drop for waste management down 3%. >> jp morgan puts it under weight with a $34 price target. i say garbage to that call. you like that one? >> a tremendous amount of free cash flow. i say you own it on dividend alone. >> pop for pulte. >> home builders popping again and again and again. 16 is not the place to jump in. >> a drop for quest down 47%. >> at one point it was down more than 50%. yesterday we saw more than two to 1. a lot of put
new york was voted the loudest and the rudest town in the country but despite it's labelled as a city that never sleeps more than 50 million tourists visited last year. >> ronnie wrote "that smell" for gary who drove his car into an oak tree while he was under the influence. released in october of '78. get your albums right now, folks. >> pop for cabella's. >> you make fun of me. cabella's is an all time high. people going out and buying ammo it is a real story....
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Sep 17, 2012
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their priority was to stop the outrage and stop them before they reached the capital of the city and the u.s. embassy itself but the embassy was protected, afghan police officers in riot gear were trying to protect t embassy and they succeeded. the crowd did not make it that far but today was the first day of violence that we saw here. we have seen protests in the last few days but they all ended peacefully up until today, but it's been a violent weekend otherwise in afghanistan, not just because of the movie but taliban attacks and inside ear tacks when afghan forces turn on their coalition counterparts. four americans were killed yesterday by afghan police officers and two british soldiers were killed on saturday also by afghan police officers. the nato forces here including the americans have a lot to worry about, more than just the anti-islamic movie that has outraged so much of the world. >> thank you for that report. >>> comments, questions about anything you see here on "squawk," shoot us an e-mail squawk@cnbc.com is the address and follow us on twitter twitter, @squawkcnbc is
their priority was to stop the outrage and stop them before they reached the capital of the city and the u.s. embassy itself but the embassy was protected, afghan police officers in riot gear were trying to protect t embassy and they succeeded. the crowd did not make it that far but today was the first day of violence that we saw here. we have seen protests in the last few days but they all ended peacefully up until today, but it's been a violent weekend otherwise in afghanistan, not just...
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Sep 6, 2012
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drive around town all the time doing errands and never ever have to fill up gas in the city. i very rarely put gas in my chevy volt. last time i was at a gas station was about...i would say... two months ago. the last time i went to the gas station must have been about three months ago. i go to the gas station such a small amount that i forget how to put gas in my car. ♪ now we need a little bit more... a little bit more vanilla? this is great! [ male announcer ] at humana, we believe there's never been a better time to share your passions... because the results... are you having fun doing this? yeah. that's a very nice cake! [ male announcer ] well, you can't beat them. [ giggles ] ohh! you got something huh? whoa... [ male announcer ] humana understands the value of spending time together that's a lot of work getting that one in! let's go see the birdies. [ male announcer ] one on one, sharing what you know. let's do it grandpa. that's why humana agents will sit down with you, to listen and understand what's important to you. it's how we help you choose the right humana m
drive around town all the time doing errands and never ever have to fill up gas in the city. i very rarely put gas in my chevy volt. last time i was at a gas station was about...i would say... two months ago. the last time i went to the gas station must have been about three months ago. i go to the gas station such a small amount that i forget how to put gas in my car. ♪ now we need a little bit more... a little bit more vanilla? this is great! [ male announcer ] at humana, we believe there's...